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Recent questions tagged fundamentals of partnership
+3
votes
1
answer
On 31 St December 2014 after the close of the accounts, the capital accounts of Kapil, Rajat and Vishal stood in the books of the firm at Rs. 40,000;
asked
Mar 14, 2019
in
Class 12
by
kratos
accounting for partnership
basic concepts
accounting for partnership firms
fundamentals of partnership
class-12
accounting for not for profit organisation
+2
votes
1
answer
Interest on partner’* capital is calculated on.
asked
Mar 9, 2019
in
Class 12
by
kratos
accounts of partnership firms
class-12
fundamentals of partnership
cbse
+2
votes
1
answer
Rajat joined as a CEO of Bharat Ltd, a firm manufacturing Computer hardware. On the first day he
asked
Mar 3, 2019
in
Computer
by
kratos
cbse
computer organization
class-11
fundamentals of partnership
class-12
+1
vote
1
answer
Interest on Drawings is _____________ to Partner’* Current Account when capital Accounts are fluctuating
asked
Feb 8, 2019
in
Class 12
by
kratos
class-12
fundamentals of partnership
+1
vote
1
answer
Under Fixed method of capital, partner’* capital Account and _______Account are prepared.
asked
Jan 27, 2019
in
Class 12
by
kratos
class-12
fundamentals of partnership
+3
votes
1
answer
What is the minimum number of partners required to commence a partnership business?
asked
Jan 20, 2019
in
Class 12
by
kratos
class-12
fundamentals of partnership
+3
votes
1
answer
Interest on partners capital is calculated on
asked
Jan 18, 2019
in
Class 12
by
kratos
accounts of partnership firms
class-12
fundamentals of partnership
+1
vote
1
answer
Which of the following is NOT generally the characteristic of a partnership business?
asked
Jan 17, 2019
in
Class 12
by
kratos
class-12
fundamentals of partnership
+3
votes
1
answer
The minimum number of partners in a partnership is
asked
Jan 13, 2019
in
Class 12
by
kratos
class-11
class-12
accounting for partnership firms
fundamentals of partnership
+1
vote
1
answer
Profit and Loss Appropriation Account is Prepared to :
asked
Jan 11, 2019
in
Class 12
by
kratos
accounts of partnership firms
class-10
class-12
fundamentals of partnership
+3
votes
1
answer
When drawings are of uneven amounts and made at uneven time intervals, then it is convenient to calculate
asked
Jan 3, 2019
in
Class 12
by
kratos
class-12
fundamentals of partnership
+3
votes
1
answer
Under fluctuating method of capital, interest on capital is credited to _______Account.
asked
Dec 19, 2018
in
Class 12
by
kratos
class-12
fundamentals of partnership
+3
votes
1
answer
Difference between fixed capital account and fluctuating capital account
asked
Dec 14, 2018
in
Class 12
by
kratos
introduction to partnership
accounting for partnership firms
fundamentals of partnership
class-12
accounting for not for profit organisation
+2
votes
1
answer
In a partnership firm, partners are charged interest on drawings at 15% p.a. During the year ended 31^st December 2014 a partner drew as follows:
asked
Dec 12, 2018
in
Class 12
by
kratos
class-12
fundamentals of partnership
+2
votes
1
answer
There are three partners in a firm named Rohan, Sohan and Mohan sharing profits in the ratio of 2:2:1. According to partnership deed,
asked
Dec 4, 2018
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
fundamentals of partnership
+2
votes
1
answer
Partnership agreement can be (a) **** (b) Written (c) **** or written (d) None of these
asked
Nov 10, 2018
in
Class 12
by
kratos
class-12
class-11
introduction to partnership
fundamentals of partnership
+3
votes
1
answer
A,B and C are partners decided that no interest on drawings is to be charged to any partner .But after 1 year C wants that interest on drawings
asked
Oct 22, 2018
in
Class 12
by
kratos
class-12
accounting for partnership firms
fundamentals of partnership
+3
votes
1
answer
On 1.01.2014 Rohit and Shobhit started a business with capitals of 40,000 and Rs. 80,000 respectively.
asked
Oct 19, 2018
in
Class 12
by
kratos
class-12
accounting for not for profit organisation
accounting for partnership firms
fundamentals of partnership
+1
vote
1
answer
In the absence of partnership deed, partnership firm will pay interest on loan at the rate of:
asked
Oct 9, 2018
in
Class 12
by
kratos
class-12
general introduction of partnership
fundamentals of partnership
+3
votes
1
answer
In the general form of partnership, liabilities of partners are:
asked
Oct 1, 2018
in
Class 12
by
kratos
class-12
fundamentals of partnership
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